Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 06.07.2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench heard matter IA (IBC) 629/2026 and 632/2026 in CP(IB) No. 311/BB/2025. The petition was filed by Mrs. Sujay Anil against Union Bank of India under Section 94(1) of the Insolvency and Bankruptcy Code, 2016. The bench comprised Judicial Member Shri. Sunil Kumar Aggarwal and Technical Member Shri. Banwari Lal Meena. Representation included Adv. Prasanna Shenoy for the Resolution Professional and Adv. Sathish Kumar for the petitioner. The tribunal noted that while the Resolution Professional's report was available, the condonation of delay application was not physically present in the file despite the RP's insistence that a hard copy had been filed.
Final Outcome
The NCLT directed the registry to place the condonation of delay application on file. All parties acknowledged receipt of both the RP report and the condonation application. The tribunal ordered that parties must file their responses/objections within three weeks, with copies to the Resolution Professional. The RP was granted a subsequent three weeks to file any rejoinder. The matter was adjourned and listed for arguments on 27.08.2026.
Topics: Insolvency Proceeding, Banking Sector, Legal Adjournment